Ireland Unveils Budget 2027: Tax Bands Widen, Welfare and Pensions Rise by 10 Euros a Week
Budget 2027 was presented to Dáil Éireann on Tuesday, 6 October 2026, by Tánaiste and Minister for Finance Simon Harris and Minister for Public Expenditure Jack Chambers. The package totals about 8.65 billion euros, made up of 1.65 billion euros in tax changes and about 7 billion euros in new spending. Public spending rises by 7.1 billion euros to 125.6 billion euros, with growth in day-to-day spending held at 6 percent.
On personal taxation, the standard rate band rises by 2,500 euros, so a single person begins paying the 40 percent rate at 46,500 euros. The personal, employee and earned income tax credits each increase by 125 euros to 2,125 euros, and the 2 percent Universal Social Charge band is widened. The national minimum wage rises by 0.79 euros to 14.94 euros per hour from January 2027.
On social protection, core welfare payments and pensions rise by 10 euros a week, with the State Pension increasing from 299.30 euros to 309.30 euros a week from January 2027. The Fuel Allowance rises from 38 euros to 43 euros a week. There is no universal electricity credit, but VAT on electricity and gas stays at 9 percent until 2030, and the carbon tax on home heating oil and gas is cut.
On housing and childcare, the Rent Tax Credit rises to 1,150 euros for an individual and 2,300 euros for a jointly assessed couple, Help to Buy relief increases from 30,000 to a maximum of 35,000 euros, and childcare fees will be capped at 550 euros a month from September 2027. TDs vote on financial resolutions on budget night so some measures take effect at once; the rest will be enacted through the Finance Bill and related legislation.
Published by GSM · USA (original Chinese edition)
Photo: 爱尔兰议会大厦伦斯特宫。照片：David Kernan，CC BY 4.0，来源：Wikimedia Commons（Leinster House in Dublin, seat of the Oireachtas.jpg）
